FDIC Insured Lowest APR On 30 Yr Fixed 0 Point Refinance Mortgage?

hl0m4n · 03-21-2009, 11:24 PM

my parent's are shopping around to refinance. anyone got any pointers below 5%? i check bankrate.com everday and everyone pretty much on the 5% mark.

anyone know sources at 4.5-4.75 and lower? help much appreciated

Orient330iNYC · 03-22-2009, 12:47 AM

an FDIC insured mortgage? wha?

regular or jumbo?

PNF · 03-22-2009, 02:54 AM

below 5% at 0 points are far and between... maybe.. maybe not..

I refi-ed at 5 1/4 @ 0 point and very happy with it...

dont be too greedy.. or you might even miss the 5%-ish rates.

bimmer02 · 03-22-2009, 10:07 AM

yead pnf is right dont get greedy...i going to refin. soon at 5% good luck

Dmitriy@AUTOcouture · 03-22-2009, 10:27 AM

Lets start with the fact that FDIC insured mortgages don't exist. Mortgages are originated, batched together, and sold off to either Fannie Mae, Freddie Mac, FHA, or are held for investment in a lender's portfolio (these are known as Jumbo mortgages). In all cases the mortgages are resold on the secondary market (well at least we hope so, in this economy).

The banks that issue the mortgages may be FDIC insured, but mortgages are not as they are securitized investment vehicles. Not only that but even if the FDIC did insure the mortgages, what would they actually insure? Your house?

That said, you need to give a little bit more info before anyone can tell you if you can get a decent rate.

1. Size of the loan.
2. Value of the home.
3. FICO score.
4. Primary/Secondary home?
5. Type of property... single family/multi-family/co-op/condo?

At the best case scenario, I'll get you 4.625% with 0 points.

- D.

Sal@AUTOcouture · 03-22-2009, 10:31 AM

+1 for D

03-21-2009, 11:24 PM	#1
hl0m4n Major General 2305 Rep 5,627 Posts Drives: BMW Join Date: Nov 2006 Location: NY iTrader: (58)	FDIC Insured Lowest APR On 30 Yr Fixed 0 Point Refinance Mortgage? my parent's are shopping around to refinance. anyone got any pointers below 5%? i check bankrate.com everday and everyone pretty much on the 5% mark. anyone know sources at 4.5-4.75 and lower? help much appreciated __________________ Cars: 07 335i ► 08 328i ► 11 328xi ► 13 M3 ► 17 M4 ► 14 M6
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03-22-2009, 12:47 AM	#2
Orient330iNYC Brigadier General 1791 Rep 3,995 Posts Drives: 2023 X7 40i Join Date: Apr 2007 Location: Wall St iTrader: (2)	an FDIC insured mortgage? wha? regular or jumbo? __________________ Present: 2023 G07 40i ZDH/ZDU/ZMP/ZMQ/2NH/ZPK/ZPP/ZRC/300/3AC Past: 2013 335i 6MT ZMM/ZDH/ZTP/3AG/494/508 Past: 2016 F34 335i xDrive ZCW/ZDA/ZDH/ZTP/ZMP/2V5/5DL Past: 2019 G01 M40i ZDA/2VF/ZPP/ZPX/688/3AC
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03-22-2009, 02:54 AM	#3
PNF Colonel 175 Rep 2,355 Posts Drives: 15' YMB F80 M3 Join Date: Oct 2008 Location: Wayne, PA / Taipei iTrader: (4)	below 5% at 0 points are far and between... maybe.. maybe not.. I refi-ed at 5 1/4 @ 0 point and very happy with it... dont be too greedy.. or you might even miss the 5%-ish rates. __________________ 2015 F80 Fully loaded (minus the CCB) YMB M3 / Individual Amaro Brown BBS \| KW \| Vorsteiner \| IND \| Akrapovic \| BMW CF Performance Interior \| Brembo \| Eibach 2008 E92 335i (sold)
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03-22-2009, 10:07 AM	#4
bimmer02 2006 330xi \| Navigation \| Xenons \| Sport 17 Rep 537 Posts Drives: 330xi Join Date: Mar 2009 Location: rockaway iTrader: (0)	yead pnf is right dont get greedy...i going to refin. soon at 5% good luck
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03-22-2009, 10:27 AM	#5
Dmitriy@AUTOcouture Major 219 Rep 1,133 Posts Drives: carefully Join Date: Dec 2006 Location: NYC iTrader: (3)	Lets start with the fact that FDIC insured mortgages don't exist. Mortgages are originated, batched together, and sold off to either Fannie Mae, Freddie Mac, FHA, or are held for investment in a lender's portfolio (these are known as Jumbo mortgages). In all cases the mortgages are resold on the secondary market (well at least we hope so, in this economy). The banks that issue the mortgages may be FDIC insured, but mortgages are not as they are securitized investment vehicles. Not only that but even if the FDIC did insure the mortgages, what would they actually insure? Your house? That said, you need to give a little bit more info before anyone can tell you if you can get a decent rate. 1. Size of the loan. 2. Value of the home. 3. FICO score. 4. Primary/Secondary home? 5. Type of property... single family/multi-family/co-op/condo? At the best case scenario, I'll get you 4.625% with 0 points. - D.
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03-22-2009, 10:31 AM	#6
Sal@AUTOcouture 744 Rep 10,106 Posts Drives: E93 M3, E36 M3 Join Date: Feb 2007 Location: Sofla iTrader: (30)	+1 for D
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